Victorian Numbered Acts

GAMBLING REGULATION FURTHER AMENDMENT ACT 2009 (NO. 58 OF 2009) - SECT 62

    (1)     In section 3.6.6B(1) of the Principal Act, after "licence" insert "or racing club licence".

    (2)     In section 3.6.6B(2) of the Principal Act, for "entitlement holder" substitute "venue operator".

    (3)     In section 3.6.6B(2) of the Principal Act, for the variable "E" of the formula set out in that subsection substitute —

    "E     is the total number of gaming machine entitlements held by the venue operator under which gaming is or may be conducted in the approved venue each day in a calendar month divided by the number of days in that month.".

    (4)     In section 3.6.6B(6) of the Principal Act, for "down of that number to the nearest whole number" substitute "up of that number to the next 2 decimal points".

    (5)         After section 3.6.6B(7) of the Principal Act insert —

    "(8)     In this section—

"revenue "means the total amount earned from bets made on a gaming machine operated under a gaming machine entitlement less—

        (a)     the sum of all prizes paid from that amount (other than prizes from a jackpot special prize pool); and

        (b)     the sum of the amounts determined as prescribed for payment in respect of that total amount bet to a jackpot special prize pool.".